In 2021, Lance A. Mizumoto earned $2.08M in total compensation at Central Pacific Financial, including $625.00K salary, $1.25M bonus and $171.76K in stock. Most recently sold 19,950 shares in Aug 2016. Currently holds stock worth $2.63M. Has donated $13.84K in stock to charitable causes. Led Central Pacific Financial as CEO for 6 years.
Compensation History
Annual executive compensation data for Lance A. Mizumoto, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$2.08M
Salary
$625.00K
Bonus
$1.25M
Other
$33.62K
Salary
$625.00KBoard Justification
The compensation philosophy is designed to align executive pay with performance, ensuring that a significant portion of compensation is at risk and contingent on the company's financial performance and strategic goals.
Bonus
$1.25MBoard Justification
The annual incentive plan (AIP) funding for 2021 was based on net income performance, with a maximum funding cap of 200% for achieving 120% or more of the net income target. Actual net income performance was 145% of target, resulting in the maximum payout.
Other Compensation
$33.62KBoard Justification
Other compensation includes various perquisites and benefits, such as transportation services and relocation benefits.
Restricted Stock
Board Justification
The number of shares acquired upon vesting of restricted stock units (RSUs) in 2021.
Performance Metrics
The performance metrics for the CEO's compensation included net income and return on assets (ROA), with specific weightings assigned to corporate, business plan, and personal goals.
Lance A. Mizumoto
Ex-CEO of Central Pacific Financial
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of Central Pacific Financial for
6 years 7 months (Jun 2014 - Jan 2021)
Previous Experience
Executive Vice President and Chief Banking Officer of Central Pacific Financial Corp. and Central Pacific Bank
Other Central Pacific Financial CEOs
Holdings
Track Lance A. Mizumoto's stock holdings and portfolio value over time.
Total Stock Sold
$996.49K
$996.49K
41,184 CPF shares
What if they kept their stock?
If Lance A. Mizumoto didn't sell their stock, today they would have:
Extra CPF41,184 shares worth $1.33M.
This is 33.04% and $329.22K more than what they got when they sold the stock.
Charitable Transactions
430 shares
CPF
Recent Charitable Transactions
430 shares
CPF
Jun 1, 2016
Charity
Insider Trading
Lance A. Mizumoto's recent stock transactions, purchases, and sales filed with the SEC.
$503.74K
CPF at $25.25/share
Aug 26, 2016
Sale
430 shares
CPF
Jun 1, 2016
Charity
$415.06K
CPF at $23.50/share
May 24, 2016
Sale
$36.58K
CPF at $23.27/share
May 20, 2016
Sale
3,574 shares
CPF
Feb 16, 2016
Received
$138.24
CPF at $23.04/share
Nov 16, 2015
Received
6,613 shares
CPF
Aug 17, 2015
Received
4,581 shares
CPF
Mar 2, 2015
Received
10,828 shares
CPF
Feb 17, 2015
Received
8,954 shares
CPF
Dec 31, 2013
Received
Rivals
Compare Lance A. Mizumoto with competitor CEOs and industry peers.
Chang M. Liu
CEO of Cathay General Bancorp
2023 Compensation
Stock
$5.13M
Salary
$920.00K
Bonus
$784.60K
Other
$16.50K
Total Holdings
$17.71M
George A. Makris, Jr.
CEO of Simmons First National
2022 Compensation
Stock
$2.30M
Salary
$887.62K
Bonus
$40.21K
Other
$146.36K
Total Holdings
$13.32M
Kevin S. Kim
CEO of Hope Bancorp
2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Joseph S. Exnicios
CEO of Hancock Whitney Corporation
2023 Compensation
Stock
$265.86K
Salary
$553.84K
Bonus
$383.43K
Other
$67.08K
Total Holdings
$1.50K
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M